A major decision on the future of Jet Airways, the airline which was temporarily closed will mean a major decision today. In fact, the banks that are lending to Jet Airways are going to meet. There is a possibility of brainstorming on the future of the airline in this meeting. Meanwhile, in the first day of the week, the share of Jet Airways has seen a historic decline.
Discussion on RBI Circular
According to the news of the Economics Times, in the lenders meeting, the RBI may consider the circular on the stressed assets of June 7. According to the news, no serious proposal has been received for Jet Airways. Therefore, the possibility of settling the matter under bankruptcy law will also be considered. Apart from this, the bank will also consider the proposal to acquire the Jet's 6 aircraft by paying 200 million rupees to the US Exim Bank.
Before the meeting, Jet Airways's shares reached all-time low level in the market. During the turnover, the stock fell by about 15% and it came at a price of Rs 69.75. Earlier, on Friday, the Sensex had reached a price of Rs 82.05. In the last 11 days, the airline's share has broken 52.73 percent. At the same time, Jet Airways has fallen nearly 81% in a year.
If we talk that Jet Airways has a loan of Rs 8,500 crore. The airline has temporarily stopped all flights from April 17. At the same time the company's employees have been performing for salon for several months. Jet Airways slots have also been given to other airline companies.
